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    111 N Higgins Avenue

    Missoula, MT 59802
    • $650,000
    • STATUS: Active
    • ON SITE: 25 days
    • MLS #: 22107875
    UPDATED: 47 min ago
    $650,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,000
      SQFT
    • $65
      $/SQFT
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    Proven Success, Location and a strong customer base are some of the keys to an ideal restaurant and the venerated Catalyst has all that and more.Success: The Catalyst has been operating successfully for over 30 years.Location: The cafe's coveted location is in the heart of downtown Missoula inside the historic Florence Building at 111 N Higgins Ave. It is within walking distance of the Clark Fork River, a weekly farmer's market, two newly opened hotels with over 275 room (and a third to open in 2022) and a continuous stream of visitors.Customer Base: After 30 years in business, 11 of which are under the current ownership, The Catalyst has built a legion of loyal, dedicated customers. Locals, college students, business professionals, and tourists make up animpressive and diverse following. Improvements and pivots in response to the COVID-19 pandemic include several new revenue streams. They include branded hot sauce that is made and bottled on site. Online ordering with pick up or delivery options. 'Take and bake' meals that are delicious and easy to assemble at home. The Catalyst handles its own delivery service and the sale includes a fully operable online ordering system as well as two delivery vehicles; a Subaru and a custom-made electric tricycle. Restaurant seating is on three levels. The fan favorite balcony can accommodate up to 14 seats. The main level can seat up to 22. The lower level has space for 25 seats. In addition, a sidewalk caf license allows for 10 tables with up to 40 seats maybe utilized during warmer months. The maximum capacity of 101 allows for service of over 400 covers on the busiest of summer days. In addition to the outstanding food, The Catalyst is well known for Missoula's best coffee. A custom made, Italian 2-group levered espresso machine with hammered copper exterior by Bosco, a new digitally dosed Simonelli espresso grinder and a state of the art reverse osmosis water filter guarantee the highest possible quality espresso. Sale to include all equipment, tried and true recipes, logo, strong brand recognition, C/4 Hot Sauce brand and business, website and Facebook page. Caf operates on Squirrel POS with three terminals and fully updated software. Squirrel hardware was updated in 2020 with new wide screen monitors and mainframe. The facility is incredible. The main level has been remodeled and the kitchens have received regular upgrades. There are two full kitchen and three large dry storage/equipment storage areas. Kitchen includes a large collection of high quality, well maintained equipment, large and small. There is ample refrigeration, including a walk-in refrigerator and a walk-in freezer. Kitchen #1 is used for prep. It has a Class Two hood, a 6-eye range with a single lowboy oven and a convection oven. Kitchen #2 is used for ready to eat food production. It has a Class One hood, double stacked convection ovens, a 10-eye gas range with two lowboy ovens, a flat top grill and much more. There are two dish machines; both owned by The Catalyst. The main dish room has a double rack machine with a booster heater. A single rack machine with a booster heater is in Kitchen #1. If you are seeking success in an established, thriving restaurant business in downtown Missoula, The Catalyst is your place.

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    © 2021 Montana Regional MLS. Information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed and should be independently verified. Data last updated: 2021-06-23T16:19:03.65.
    www.montanalifere.com/homes/117693975
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    111 N Higgins Avenue Missoula, MT 59802

    • Price: $650,000
    • Status: Active
    • Updated: 47 min ago
    • MLS #: 22107875
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    10,000
    SQFT
    $65
    $/SQFT
    County:
    Missoula
    Area:
    Missoula
    Property Description
    Proven Success, Location and a strong customer base are some of the keys to an ideal restaurant and the venerated Catalyst has all that and more.Success: The Catalyst has been operating successfully for over 30 years.Location: The cafe's coveted location is in the heart of downtown Missoula inside the historic Florence Building at 111 N Higgins Ave. It is within walking distance of the Clark Fork River, a weekly farmer's market, two newly opened hotels with over 275 room (and a third to open in 2022) and a continuous stream of visitors.Customer Base: After 30 years in business, 11 of which are under the current ownership, The Catalyst has built a legion of loyal, dedicated customers. Locals, college students, business professionals, and tourists make up animpressive and diverse following. Improvements and pivots in response to the COVID-19 pandemic include several new revenue streams. They include branded hot sauce that is made and bottled on site. Online ordering with pick up or delivery options. 'Take and bake' meals that are delicious and easy to assemble at home. The Catalyst handles its own delivery service and the sale includes a fully operable online ordering system as well as two delivery vehicles; a Subaru and a custom-made electric tricycle. Restaurant seating is on three levels. The fan favorite balcony can accommodate up to 14 seats. The main level can seat up to 22. The lower level has space for 25 seats. In addition, a sidewalk caf license allows for 10 tables with up to 40 seats maybe utilized during warmer months. The maximum capacity of 101 allows for service of over 400 covers on the busiest of summer days. In addition to the outstanding food, The Catalyst is well known for Missoula's best coffee. A custom made, Italian 2-group levered espresso machine with hammered copper exterior by Bosco, a new digitally dosed Simonelli espresso grinder and a state of the art reverse osmosis water filter guarantee the highest possible quality espresso. Sale to include all equipment, tried and true recipes, logo, strong brand recognition, C/4 Hot Sauce brand and business, website and Facebook page. Caf operates on Squirrel POS with three terminals and fully updated software. Squirrel hardware was updated in 2020 with new wide screen monitors and mainframe. The facility is incredible. The main level has been remodeled and the kitchens have received regular upgrades. There are two full kitchen and three large dry storage/equipment storage areas. Kitchen includes a large collection of high quality, well maintained equipment, large and small. There is ample refrigeration, including a walk-in refrigerator and a walk-in freezer. Kitchen #1 is used for prep. It has a Class Two hood, a 6-eye range with a single lowboy oven and a convection oven. Kitchen #2 is used for ready to eat food production. It has a Class One hood, double stacked convection ovens, a 10-eye gas range with two lowboy ovens, a flat top grill and much more. There are two dish machines; both owned by The Catalyst. The main dish room has a double rack machine with a booster heater. A single rack machine with a booster heater is in Kitchen #1. If you are seeking success in an established, thriving restaurant business in downtown Missoula, The Catalyst is your place.
    Exterior Features

    Location Downtown Missoula Parking Off SiteStreet Siding Brick Waterfront None

    Interior Features

    Foundation Poured Concrete HVAC A/C Central AirGas Forced AirGas Hot Water

    Property Features

    Bank Owned Or REO No Business Name The Catalyst Business Type Food/Beverage Covenant Unknown Inclusions Business NameLease Of Furn/FxLease Of Real Est. Land Status Lease Exp. Date Owner Will Provide Training Paid By Owner ElectricGasInsuranceTrash/Garb. Pick Up Short Sale No Tax Year 2020 Taxes 0.00 Terms Of Sale CashConventionalSba Type Of Ownership Corporation Utilities City SewerCity WaterElectricityGasInternetTelephone Years In Business 20 Years + Zoning Cbd-4

    Listing provided courtesy of Jessie Eagen of Eagen Real Estate.


    © 2021 Montana Regional MLS. Information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed and should be independently verified. Data last updated: 2021-06-23T16:19:03.65.
     
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